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Interoperable EHR Foundation Hospital consolidation and increasing interoperability allow Epic to extend its dominance in enterprise EHR in the US, with Dedalus and Oracle leading in global markets. Athenahealth is notable in US physician practices, while specialty EMRs continue to create value in oncology and other areas. Physicians are overwhelmed with data and are finding a variety of human and automated help. Increasing payer and provider interoperability is a real bright spot with Epic’s Payer Platform, and HL7 FHIR technology gaining ground. Nurse staffing platforms and surgical robotics attract broad investor interest.
Healthcare Analytics and Intelligence Generative AI leaps forward this year with Microsoft, Google, and Amazon finding ways to engage with healthcare, most notably with an Epic-Microsoft alliance. Medical imaging analytics made progress with more precise diagnostic support, and digital pathology makes modest progress due to its complex integration with image platforms, slide scanners, and medical algorithms. Analysts forecast that pharma companies will benefit most from this current moment in AI with discovery of new drugs. It has been the leading segment by far for 2023 investors.
Consumer Health and Technology AI was top of mind in consumer-focused digital health segments in 2023. Consumers weighed in on their readiness to embrace the technology as startups that utilize it, like K Health, raised money. The retail health market heated up, highlighted by CVS’s $10.6 billion purchase of Oak Street Health, disintermediating traditional care pathways and igniting interest in value-based care. GLP-1s were also in the headlines as prescriptions for the weight loss drugs soared and telehealth programs pivoted to accommodate them.
Et Cetera Bessemer Venture Partners makes the case that the past few years of health tech public market activity suggests the industry experienced a hype cycle, which includes peaks and troughs, and we’re now in a trough. Other reports look at the digital health portfolios of US health systems, the success rate of partnerships between startups and healthcare companies, and which physician specialties are in jeopardy of being replaced by technology.
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